#我在Gate广场过新年 Market Summary for Today -- The market remains somewhat weak; consider opening short positions
Today’s market shows a downward trend. Bitcoin’s highest point did not break through 67,000, and the lowest point was at 65,826, created in the early morning. However, tonight’s market is still declining, and it is likely that the price will break below the early morning low.
From a technical perspective, the market is clearly suppressed by short-term moving averages on both the 4-hour and daily charts. On the weekly chart, support is near the lower band of the Bollinger Bands around 63